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Traditional IRAs Photo Traditional IRAs

The Traditional IRA is for you if you are under the age of 70 ½ with earned income and want to assure you have the funds you need in retirement. Contribute up to 100 percent of your earned income or the standard limit, whichever is less.

2016 contribution limits:

  • $5,500 (under age 50)
  • $6,500 (age 50 or older)
  • Spousal contributions allowed
  • May be tax deductible (consult your tax advisor)

Distributions: May begin at age 59 ½ without IRS penalty; become mandatory at age 70 ½.

*Consult your tax advisor for details. Other information regarding Traditional IRAs and Roth IRAs such as conversions, transfers, rollovers and investment options are available from any of our personal bankers at Central Bank. Simply contact or come by your nearest Central Bank location to learn more.

Dustin Pohlman's Image

Dustin Pohlman

Assistant Vice President, Branch Manager II | Assistant Cashier

Location: Spirit Lake Main Office

Work Phone: (712) 336-4100

Hilary Budde's Image

Hilary Budde

Personal Banker II/Head Teller

Location: Sioux City Hamilton Branch

Work Phone: (712) 233-2929

Jennifer Brown's Image

Jennifer Brown

Branch Manager II | NMLS#1138317

Location: Ankeny Main Office

Work Phone: (515) 473-7033

Jenny Yates's Image

Jenny Yates

Personal Banker II/Head Teller | NMLS #1609835

Location: Sioux City Morningside Branch

Work Phone: (712) 276-3135

Judy Ploeger's Image

Judy Ploeger

Senior Vice President, Central Iowa Branch Operations Manager

Location: Waukee Main Office

Work Phone: (515) 987-2299

Julie Dhabalt's Image

Julie Dhabalt

Personal Banker II/Head Teller

Location: Cherokee Main Office

Work Phone: (712) 225-2546

Nancy George's Image

Nancy George

Personal Banker II

Location: Sioux City Main Office

Work Phone: (712) 293-2265

Stacy Meyer's Image

Stacy Meyer

Personal Banker II/Emerald Club Director

Location: Storm Lake Main Office

Work Phone: (712) 732-2190

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